Aurelius sells AKAD to Galileo for EUR 45m

The turnaround specialist GP bought AKAD University in 2014 from educational media group Franz Cornelsen Bildungsgruppe. 

Aurelius said an extensive reorganisation had seen the number of students increase 20% each year since the takeover. It introduced 63 new study programmes, to make the overall study model modularised to meet the individual needs of students. 

It said that AKAD was most recently valued at EUR 25m as of 30 September 2021. When Aurelius acquired the business, it had EUR 16.5m in sales and 9,000 students. 

Around 12,000 students are currently enrolled, said Aurelis, mostly adults studying alongside work. 

Buyer Galileo was acquired by a consortium of investors made up of Canada Pension Plan Investment Board, Montagu, Téthys Invest and Bpifrance in March 2020 for EUR 2.5bn. 

It is also in the final round for Swiss hospital education provider Sommet Education, reported Unquote's sister publication Mergermarket. 

Advisors
Aurelius - Macquarie Capital (M&A); EGO HUMRICH WYEN (legal); KNPZ (data protection).

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